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Laopu Gold expects 2025 net profit to rise 226–233% YoY to RMB 4.8–4.9 billion, with revenue projected at RMB 27–28 billion, up 217–229%. Tax-inclusiv…

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Photo shows Blue Bottle Coffee's first outlet in Singapore, located in Raffles City Shopping Mall.

China’s tech ecosystem serves as a driving force behind the world’s second largest economy, influencing global digital markets.

China

Explore East Asia’s thriving tech hubs, global electronics producers, and fast-evolving digital platforms shaping cross-border innovation.

East Asia

Luckin Coffee provides app-based ordering, convenient pickup, and a broad beverage menu, reshaping China’s coffee consumption patterns.

Luckin Coffee

What sets the bar for convenience? Examine on-demand platforms, subscription models, and personalization transforming consumer expectations.

Consumer Economy

How do stores adapt to digital shifts? Explore e-commerce integration, inventory analytics, and omnichannel strategies for modern shoppers.

Retail

Coffee

Nestle will retain part of the business while allowing Luckin to leverage Blue Bottle's brand.

Blue Bottle Coffee changes hands again as Luckin's largest shareholder makes acquisition move

Decoding China&#039;s tech and business pulse

KrASIA

Cheng Zi is based in China, covering technology- and business-related events. She works with her colleagues at 36Kr Global to provide coverage in both English and Chinese.

Cheng Zi

What lies beyond familiar frontiers? Investigate emerging tech—like quantum computing and AI—transforming traditional sectors.

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What powers digital devices? Delve into chip design, manufacturing bottlenecks, and semiconductor breakthroughs fueling global electronics.

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Smaller suppliers aim to lift rates for the first time in years amid a supply crunch.

Chip price hikes spread as Asia's chipmakers plan record spending

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Photo of Cortical Labs chief science officer Brett Kagan (left) and CEO Hon Wen Chong.

How do markets shape wealth creation? Study portfolio diversification, asset classes, and strategies balancing growth and risk.

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When do companies invite public investment? Understand listing criteria, underwriter roles, and regulatory steps defining initial offerings.

Why do firms join forces? Investigate synergy goals, valuation methods, and negotiations driving corporate consolidation.

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What happens after acquisitions close? Examine deal structures, operational improvements, and exit strategies molding corporate outcomes.

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What fuels startup ecosystems? Review funding rounds, investor strategies, and market insights guiding entrepreneurial growth.

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Bringing you the latest updates on funding and investment activity across the Asia Pacific.

Deals in brief: Gobi Partners backs Cortical Labs, TVS invests in Vietnam’s Dat Bike, 11 China deals, and more

An alias used when humans and machines team up in our newsroom. Articles under this byline may be shaped with the help of AI, but are always vetted by a human before publication.

Sudo Lim

KrASIA tracks China’s tech and business stories, alongside key developments across the broader Asia Pacific region.

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Laopu Gold expects 2025 net profit to rise 226–233% YoY to RMB 4.8–4.9 billion, with revenue projected at RMB 27–28 billion, up 217–229%. Tax-inclusive sales are forecast at RMB 31–32 billion, more than tripling from 2024.

Oracle has disclosed a roughly USD 2 billion stake in TikTok's US joint venture, recording USD 2.2 billion in non-marketable investments for the quarter ended February 28. The company owns 15% of the venture, formed after <a href="/company/bytedance">ByteDance</a> divested its US operations under a 2024 national security law.

Flipkart is set to begin a formal process in April to appoint banks for a potential Mumbai IPO, according to people familiar with the matter. The Walmart-backed company could list later this year or in early 2027, with proceeds aimed at expansion and a likely secondary share sale by existing investors.

China’s wholesale car sales fell 15% in February, as domestic sales plunged 34% to 950,000 vehicles, according to the China Association of Automobile Manufacturers. Exports rose 58% to about 590,000 units. The decline reflected fewer business days due to the Lunar New Year, the end of an <a href="/industry/ev">EV</a> tax break, and lower trade-in subsidies.

<a href="/company/li-auto">Li Auto</a> CEO Li Xiang is considering a potential buyback of the company’s Hong Kong-listed shares, with details still under discussion. The deliberations come after a slump in its stock price and a 19% YoY decline in 2025 deliveries, missing internal targets.

KE Holdings’ property development arm Beihaojia has denied reports of a 35% staff reduction and a senior executive’s departure, calling the claims false. The clarification follows scrutiny of its expansion into development, including sales at two self-operated projects. Beihaojia said it is focusing on a light-asset, data-driven C2M model, with 16 cooperative projects underway.

Huashi Food has delisted from China’s National Equities Exchange and Quotations, with trading ending February 12. The Wallace operator said the move will improve decision-making efficiency and reduce compliance costs. The company raised RMB 10 million during its listing, as revenue growth slowed in recent years.

China's National Vulnerability Database has issued security guidelines for agentic <a href="/industry/ai">AI</a> tool OpenClaw, warning against outdated versions, internet exposure, and excessive permissions. The advisory outlines six recommended practices and flags risks including prompt injection and unauthorized file access, marking its second alert on the software since February.

CITIC Securities and China Securities International have withdrawn as overall coordinators of Semi-Tech Group's Hong Kong IPO due to staffing constraints, according to people familiar with the matter. The move underscores pressure on banks as listings rebound, with over 400 companies in the pipeline. Semi-Tech aims to raise up to USD 200 million.

Singtel and <a href="/company/agibot">Agibot</a> have entered a partnership to deploy embodied <a href="/industry/ai">AI</a> robots over Singtel's advanced network infrastructure. The deal marks Agibot’s first telecom operator tie-up outside China and will allow customers in Singapore to lease its robots via Singtel, targeting retail and other commercial use cases.

India has eased investment restrictions on countries sharing a land border, including China, allowing up to 10% beneficial ownership under the automatic route and setting a 60-day approval timeline for sectors such as electronics and polysilicon. The rules replace tighter 2020 curbs introduced after border tensions.

BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

Tesla’s electric cars, battery storage systems, and solar energy solutions shape sustainable transportation and power grids.

Tesla

The US market serves as both the backbone and the driving force behind global technological advancements.

What powers tomorrow’s roads? Explore EV adoption, charging infrastructure, and battery advances sparking the shift toward sustainable transport.

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How do goods and people flow worldwide? Examine transport networks, logistics innovations, and policies shaping global connectivity.

Transportation

The Chinese automaker has taken risk and acted fast in expanding beyond its home market.

BYD redraws global EV map, overtaking Tesla in 20 markets

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What drives digital storytelling? Examine content creation, distribution channels, and media platforms connecting audiences worldwide.

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How do ideas shape industries? Learn how content, design, and digital artistry influence branding, marketing, and cultural impact.

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Who thrives in a digitally democratized landscape? Discover how independent creators, influencers, and educators monetize content and expertise.

Creator Economy

What happens when viewers join in real time? Explore live streaming platforms, audience interaction tools, and brand opportunities in instant video.

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Can brief clips hold lasting impact? Analyze short-form content trends, creator communities, and platform strategies for rapid viewer engagement.

Short Video

How do visuals captivate global viewers? Dive into streaming services, production models, and evolving formats defining video engagement.

Video

Traffic acquisition and revenue-sharing fees are weighing on profitability as the company scales Bigo Ads.

Joyy revenue rises in Q4, but margins hit by advertising growth costs

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T. K. Lin

Photo of a Nio showroom in Shanghai, China, circa 2021.

Nio, a Chinese electric car maker, specializes in high-performance EVs, battery-swapping solutions, and autonomous driving technologies.

Record deliveries and a richer product mix pushed the automaker into profit, but the turnaround remains incomplete.

Laopu Gold forecasts profit surge

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BYD redraws global EV map, overtaking Tesla in 20 markets

Joyy revenue rises in Q4, but margins hit by advertising growth costs

Nio hits first operating profit in Q4 as turnaround begins to show